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Simon Property Group SPG

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    1. Simon Property Group Continues Solid Performance to Kick Off 2015

      Commentary

      Fri, 24 Apr 2015

      With its first-quarter results, Simon Property Group continued its solid financial performance ..... comparable net operating income. Simon 's bargaining power over tenants ..... interest in and demand for space in Simon 's quality properties. Higher

    2. Fitch Affirms Simon Property Group's L-T IDR at 'A'; Outlook Stable

      Headlines

      Mon, 20 Apr 2015

      Fitch Ratings has affirmed its ratings on Simon Property Group , Inc. (NYSE: SPG ) and certain rated subsidiaries (collectively, Simon ), including SPG 's long-term Issuer Default Rating (IDR

    3. Who Will Survive the Great Mall Shake-out?

      Headlines

      Thu, 2 Apr 2015

      malls has led to the following recent headlines: Simon Property Group made a hostile $23.2 billion bid for rival mall ..... for space in high-productivity malls and ... Simon Property Group will backfill any closures relatively quickly

    4. Activist investor nominates directors to Macerich board - source

      Headlines

      Thu, 2 Apr 2015

      April 2 (Reuters) - Activist investor Jonathan Litt has nominated four directors to Macerich Co's board after the U.S. mall owner rejected a takeover bid from larger rival Simon Property Group Inc, a...

    5. Simon Property to buy back $2 bln in stock after Macerich snub

      Headlines

      Thu, 2 Apr 2015

      April 2 (Reuters) - Simon Property Group Inc, the largest U.S. shopping mall owner, said it would buy back $2 billion in stock, less than 48 hours after scrapping an attempt to buy rival Macerich Co.

    6. Simon Property ends pursuit of Macerich

      Headlines

      Wed, 1 Apr 2015

      (Reuters) - Simon Property Group Inc scrapped its attempt to buy Macerich Co, ending what could have been the largest deal between U.S. shopping mall operators after Macerich rejected its sweetened offer of $23.2 billion including debt.

    7. UPDATE 2- Simon Property ends pursuit of Macerich

      Headlines

      Wed, 1 Apr 2015

      * Macerich shares fall as much as 5.5 pct (Adds background and details; updates shares)

    8. Simon Property withdraws offer to buy Macerich

      Headlines

      Wed, 1 Apr 2015

      April 1 (Reuters) - Simon Property Group Inc scrapped its attempt to buy Macerich Co after the smaller shopping mall owner rejected its sweetened offer of $23.2 billion including debt.

    9. Macerich Board Rejects Simon's Latest Offer, Which Subsequently Is Withdrawn

      Commentary

      Wed, 1 Apr 2015

      appears to be the conclusion to Simon Property Group 's pursuit of mall peer Macerich ..... of directors officially rejected Simon 's offer to buy the firm for $95.50 per share, and Simon subsequently withdrew its offer

    10. Friday Five: Fed Guessing Game Continues

      Video Reports

      Fri, 20 Mar 2015

      are dead, mall REIT [TICKER: SPG ] Simon Property Group is making a bid to get bigger ..... from dead in a lot of places. Simon is the largest mall REIT, and ..... conversations or negotiations with Simon . They've actually adopted some

      Simon Property Group found at 2:11

      shouldn't be material. Stipp: Although some think shopping malls are dead, mall REIT [TICKER: SPG ] Simon Property Group is making a bid to get bigger this week. Glaser: They strongly disagree, and if you look at their fundamentals, particularly at their higher-end properties, you really see that the mall is far from dead in a lot of places. Simon is the largest mall REIT, and they want to get even bigger by purchasing their peer [TICKER:MAC] Macerich in what's potentially a $22 billion deal. [TICKER:MAC] Macerich is not so excited about this combination. They've rejected it and aren't entering into conversations or negotiations with Simon . They've actually adopted some poison pills and a classified board structure to make sure Simon can't take it through brute force. Simon isn't backing away; they're going to go direct to the shareholders. They think their deal is the best thing for [TICKER:MAC] Macerich shareholders. Todd Lukasik, our REIT analyst, thinks that Simon does have a good point, that they really will be able to bring out some synergies, and it does make sense to have a bigger portfolio. Macerich's high-end properties in geographic areas where Simon doesn't have a footprint are a good fit. But he does warn that if they go much over their current valuation for [TICKER:MAC] Macerich, it really isn't going to add a lot of value for Simon shareholders. We should watch it closely to make sure they don't ratchet that price up too much to the point where they're
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